Asian Stocks to Rise as US-Iran Deal Lifts Mood: Markets Wrap
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(Bloomberg) — Stocks in Asia were poised to rise Friday after a peace deal between the US and Iran boosted optimism that the reopening of the Strait of Hormuz will ease inflation pressures by restoring oil flows.
Stocks Climb as US-Iran Deal Eases Inflation Angst: Markets Wrap
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(Bloomberg) — Wall Street staged a comeback that saw stocks joining bonds higher after a peace deal between the US and Iran spurred optimism that a revival of the Strait of Hormuz will ease inflation risks.
Norway Holds Rate With Signal for Another Hike This Year
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(Bloomberg) — Norway’s central bank kept borrowing costs steady but sought to prepare investors for more tightening to calm some of the strongest price pressures in the region.
UBS’s Big Stock Rally Has Much Further to Run, Jefferies Says
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(Bloomberg) — UBS Group AG shares could scale peaks last seen in 2007, driven by the earnings power of the bank’s wealth management and investment banking franchises, according to Jefferies.
SNB Keeps Up War Footing on Franc But Evolves Wording on Threat
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(Bloomberg) — The Swiss National Bank warned investors that a Middle East peace deal hasn’t altered its state of readiness to sell the franc if such a stance is required.
Switzerland Loses Top Competitiveness Ranking to Singapore
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(Bloomberg) — Switzerland lost its position as the world’s most competitive economy to Singapore, slipping to third place in the ranking as high US trade tariffs and a strong Swiss franc hurt investment flows.
Swiss Watch Exports Barely Grow in May as Iran Conflict Weighs
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(Bloomberg) — Swiss watch exports barely expanded in May after two months of declines, suggesting the industry is feeling the effects of fallout from the conflict in the Middle East.
Stocks Fall as Traders See Fed Hike by October: Markets Wrap
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(Bloomberg) — Wall Street traders sent stocks lower as short-dated bond yields climbed after the Federal Reserve signaled the possibility of higher rates as it assesses the impacts of the Iran war on inflation.
Trump’s Iran Nuclear Deal Risks Falling Short of Obama Version
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(Bloomberg) — US President Donald Trump’s emerging nuclear accord with Iran risks securing fewer restrictions than the deal negotiated by the administration of Barack Obama — one he derided and later scrapped.
SNB Reviews Franc Alert Level Before Middle East Peace Deal
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(Bloomberg) — The Swiss National Bank will this week reveal if it’s too soon to dial down its franc rhetoric before a prospective Middle East peace deal becomes reality.
Nasdaq 100 Falls 2% as Chipmakers Halt Solid Run: Markets Wrap
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(Bloomberg) — A rally that sent the US stock benchmark to the brink of a record paused before the first Federal Reserve rate decision under Kevin Warsh, with a another slide in oil prices driving bond yields lower.
European Stocks Gain on Optimism Over Strait of Hormuz Reopening
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(Bloomberg) — European stocks edged higher, building on Monday’s record close, as the prospect of the Strait of Hormuz reopening later this week boosted appetite for risk among investors.
US-Iran Interim Deal to Be Signed in Swiss Resort of Burgenstock
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(Bloomberg) — The signing of the interim peace deal between the US and Iran will take place on Friday near Lucerne in Switzerland, according to the country’s foreign ministry.
RBA Holds Key Rate, Willing to Tighten Further If Needed
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(Bloomberg) — Australia’s central bank kept open the possibility of further policy tightening on Tuesday after leaving its key interest rate unchanged, as Governor Michele Bullock argued that inflation could still go either way.
Swiss Lean in Favor of EU Deal After Dismissing Population Cap
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(Bloomberg) — Swiss voters are more inclined to back closer ties with the European Union than reject it, a poll showed in the wake of a plebiscite that had threatened to upend the relationship.
Ebola Cases Top 800 as African Leaders Plan Emergency Summit
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(Bloomberg) — Ebola treatment centers in eastern Democratic Republic of Congo are becoming overwhelmed as confirmed cases surge past 800 and health workers struggle to track transmission chains, aid groups warned ahead of an emergency summit of African leaders.
Stocks Climb as US-Iran Deal Spurs Slide in Oil: Markets Wrap
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(Bloomberg) — A deal to reopen the Strait of Hormuz spurred a rally in riskier corners of Wall Street, with stocks climbing alongside cryptocurrencies as oil sank on hopes the war that has jolted markets is close to an end.
World Cup Brings Good Times for Hosts Despite a Few Empty Seats
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(Bloomberg) — All the concerns about this World Cup, spanning extreme heat to transportation headaches and record ticket prices, failed to tarnish the opening days of the tournament.
Billionaire Partners Founder Moves to Split Family Office
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(Bloomberg) — Urs Wietlisbach, one of the three billionaire founders at Swiss private equity firm Partners Group Holding AG, is carving out an independent unit within the family office that’s managed their fortunes for over a decade, in an early sign of the executive’s succession planning.
Swiss Pragmatism Holds as Disputed Population Cap Rejected
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(Bloomberg) — Swiss voters opted to play it safe on Sunday, rejecting an unprecedented proposal to cap the country’s population at 10 million people as economic risks overcame elevated concerns about immigration.
